Listed by Reeder Companies
$179,900
4908 Northcote Avenue
Details
APN 450332126003000024
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
NOI $15,290
Year Built 1901
Acreage 0.080
Multifamily
Marketing description
Well kept two flat on the city's south side fully occupied and ready for a new owner. Two long term renters love their homes and hope to remain. Turn key rental operation is the result. After entering the fully fenced front yard you're welcomed to the covered front porch. Inside the front door is an enclosed front porch leading to both units, one on the first floor and one on the second floor. The layout for the homes are identical, with living room, eat-in kitchen, two beds, and a full bath in each unit. The rear porch, also enclosed, has a walk up to the unfinisihed attic as well as the cellar style basement. Leaving the rear porch into the backyard, you will find a sizable fully fenced yard space as well as 4 parking spots off street. Renters pay Nipsco, gas and electric, and the owner pays just the ultra low East Chicago rate for water, sewer, and trash. Professionally managed, thoughtfully updated, and well maintained by two ideal renters, this is the investment opportunity you've been waiting to find! Do not hesitate, opportunities like this do not surface on the open market often. Showings will be confirmed as to limit the disturbance of our top tier renters, so please reach out to your brokers with proof of funds or financing, and allow 48 hours for confirmation.
Listing Contacts
Listed by Reeder Companies
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$15,290.00
$1,274.17/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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